Technology and Rising Interest Rates. Audit Your Loans and Get the Best Rate.

fed interst

The Federal Reserve raised interest rates – the Wall Street Journal reports that this could affect many of the online lending services.

The WSJ writes ‘Unlike banks, online lenders don’t lend from deposits that are directly affected by the Fed’s core benchmark rates. The raise could be felt, however, in the form of investors’ expectations of higher yields on their investments, or if banks increased the rates on credit facilities the lending platforms use to buy the loans before packaging them into smaller slices and reselling them.”

Thanks to your mouse and the growth of many online services you still have lots of options to access capital needed for your business but that capital will now cost a bit more.

I suggest you work with your CFO and audit your loans. Then explore what options you have to get the best rates on your loans.

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Ramon Ray, Editor & Technology Evangelist, Smallbiztechnology.com . Editor and Founder, Smart Hustle Magazine Full bio at http://www.ramonray.com . Check him out on Google Plus, Twitter or Facebook

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